There are several terms to think about:
premium- the monthly cost of a plan
deductible- the amount you pay before your insurance kicks in
coinsurance- the amount you pay after your insurance kicks in
copay- also the amount you pay after your insurance kicks in
out-of-pocket maximum- the amount you pay before your insurance pays for everything
- Do you continue to pay your premium even after you've met your out-of-pocket maximum?
- Does your premium count towards your deductible or out-of-pocket maximum?